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Italian property funds slip further in H1: IPD

Posted on 20 September 2012

The IPD Italy Biannual Property Fund Index saw returns come in at a negative 2.3% in the six months to June 2012, which is the second consecutive negative performance, bringing the annual figure to a negative 4.8%.
In total, the Index reported a negative difference of 350 basis points compared to the same period last year. The Index sample has remained unchanged as far as the number of funds is concerned at 39 closed-ended domestic funds. However, the total NAV (net asset value) of just below EUR 8 bn indicates a fall of 4.8% against the previous semester………………………………………..Full Article: Source

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